Mr.Calhoun owned land on which cotton could be grown,but which he had been unable to rent for years.Suddenly he was getting offers from cotton farmers to lease his land.Which of the following best explains this change in circumstances?

Question

Quizplus · Accepted Answer

The fact that cotton farmers are suddenly interested in leasing Mr. Calhoun's land suggests that the price of cotton has increased. This makes it more economically viable for farmers to cultivate cotton on the land, and therefore more attractive to enter into a lease agreement.

MrCalhoun Owned Land on Which Cotton Could Be Grown,but Which